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Emerald Options Fees

Priority Customer Broker-Dealer Firm Away MM Professional
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Liquidity
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Liquidity
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Liquidity
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Liquidity
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Liquidity
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Liquidity
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Liquidity
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Liquidity
Penny Pilot Simple Orders USD 0.50 USD (0.43) USD 0.50 USD (0.25) USD 0.50 USD (0.25) USD 0.50 USD (0.25) USD 0.50 USD (0.25)
IWM, QQQ and SPY Only USD 0.50 USD (0.45)2 USD 0.50 USD (0.25) USD 0.50 USD (0.25) USD 0.50 USD (0.25) USD 0.50 USD (0.25)
Penny Pilot - Complex Order USD (0.25) USD (0.00) USD 0.50 USD 0.501,3 USD 0.50 USD 0.501,3 USD 0.50 USD 0.501,3 USD 0.50 USD 0.501,3
Non-Penny Pilot - Complex Order USD (0.40) USD (0.00) USD 0.88 USD 0.881,3 USD 0.88 USD 0.881,3 USD 0.88 USD 0.881,3 USD 0.88 USD 0.881,3
Non-Penny Pilot Simple Orders USD 0.85 USD (0.85) USD 1.05 USD (0.25) USD 1.05 USD (0.25) USD 1.05 USD (0.25) USD 1.05 USD (0.25)
All Other - Contra Priority Customer USD 0.85 USD (0.85) USD 1.10 USD (0.25) USD 1.10 USD (0.25) USD 1.10 USD (0.25) USD 1.10 USD (0.25)

Notes:

  • Rebates are in parentheses.

  1. Fee is reduced to 0.20 when contra a Non-Priority Customer.
  2. The rebate applies when the contra is not an Affiliated Market Maker.
  3. Additional surcharge fees of $0.12 will be charged on complex orders when contra is a Priority customer.